5043. Citizens Trust Company (Huntingburg, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust
Start Date
October 22, 1931
Location
Huntingburg, Indiana (38.299, -86.955)

Metadata

Model
gpt-5-mini
Short Digest
ea2d16863a70e70f

Response Measures

None

Description

Newspaper reports (Oct 1931) describe a run on Citizens Trust Company in Huntingburg that led to closing and the state banking department taking charge; later November filings concern receivership/efforts to appoint or dismiss a receiver. No specific misinformation or external cause is mentioned in the articles, so cause is coded as 'other/unknown.' OCR in Article 4 is imperfect but clearly refers to receiver-related court filings dated late November 1931.

Events (3)
1. October 22, 1931 Run
Cause Details
Article reports a run occurred but gives no specific trigger or rumor—cause not specified.
Measures
State banking department subsequently took charge of the bank.
Newspaper Excerpt
A run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution today.
Source
newspapers
2. October 23, 1931 Suspension
Cause Details
Closure followed directly from the depositor run; state banking department assumed control.
Newspaper Excerpt
Run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution today. Officials of the state banking department took charge.
Source
newspapers
3. November 28, 1931 Receivership
Newspaper Excerpt
RECEIVER PLEA HALTED. ... filed motion ... asking dismissal of his application for appointment of receiver the Citizens Trust Company of Huntingburg. Plans have been made for appointment agent terminate the trust company's affairs.
Source
newspapers

Newspaper Articles (4)
1. October 24, 1931 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, October 24, 1931

Click image to open full size in new tab

Article Text

CLOSE BANK AFTER RUN State Takes Charge of Citizens Trust at Huntington, Ind. By United Press HUNTINGBURG, Ind., Oct. 27.A run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution today. Officials of the state banking department took charge. C. B. Dowell is president of the bank; F. W. Limp is vice-president, and Leo J. Hoing, cashier. Capitalization was $25,000, deposits $393,000, and loans $242,000.

2. October 24, 1931 The Tipton Daily Tribune Tipton, IN
Article from The Tipton Daily Tribune, October 24, 1931

Click image to open full size in new tab

Article Text

Run Closes Bank. Huntingsburg, Ind., Oct. Trust bank run on the Citizens resulthere Thursday afternoon the institution in closing of state bankFriday. took charge. department

3. October 24, 1931 The Tipton Daily Tribune Tipton, IN
Article from The Tipton Daily Tribune, October 24, 1931

Click image to open full size in new tab

Article Text

Run Closes Bank. Huntingsburg, Ind., Oct. A run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution Friday. Officials of the state banking department took charge.

4. November 28, 1931 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, November 28, 1931

Click image to open full size in new tab

Article Text

RECEIVER PLEA HALTED. JASPER, Ind., Nov. ther Symons, state banking missioner, today filed motion Circuit asking dismissal of his application for appointment of ceiver the Citizens Trust Company of Huntingburg Plans have been made for appointment agent terminate the trust company's affairs.